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Feb 7, 2013
02/13
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we don't need to do this now so i think we should -- we've done plenty of deficit reduction for right now. the newest cbo numbers show the deficit is going to come down dramatically in the next couple of years. let's get to another election. >> can you really say -- can you real say we've done deficit reduction when in fact the only thing that was cut was the projected it was -- laura. we still have $16.4 trillion in debt. that's -- >> yes, and i want to ask you, maria, what's the concern about that? can we pay off that debt? all of the world's bond markets and capital investors think we can. i think we can. i don't know why we want to fix it sate on that number right now. i want to fixate on fixing debt to gdp ratio. i said, there was more work to be done. we do not have to do it this year and we do not have to do it in this way. >> real quick, what are the olds of the deal? bob? >> ah, 30%. >> 30% odds of a deal. you agree with that, laura? >> you know, we might blow through the sequester deadline. i think once people look at the cuts that are required, they are going to back away,
we don't need to do this now so i think we should -- we've done plenty of deficit reduction for right now. the newest cbo numbers show the deficit is going to come down dramatically in the next couple of years. let's get to another election. >> can you really say -- can you real say we've done deficit reduction when in fact the only thing that was cut was the projected it was -- laura. we still have $16.4 trillion in debt. that's -- >> yes, and i want to ask you, maria, what's the...
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Feb 5, 2013
02/13
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it says our deficit for this year will only be $845 billion. this is considered good news, because for the past few years, it's been over a trillion dollars. when spending more than $800 billion than we take in is viewed as progress, it's time to get serious. let's hope for the good of our country, our lawmakers do just that. have a great night, everybody. "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. magic kingdom. disney's been the happiest place on earth for investors. why mickey mouse is still a good bet. tech troubles. it's the worst sector so far this year. tom picks that benefit from the mobile revolution. and blackberry brawl. can the momentum continue for blackberry? dan and guy duke it out in a smartphone street fight. first, let's get straight to breaking news here. shares of hewlett-packard surging on reports that the board is studying potential breakup scenarios. jon fortt has the latest. fact or fiction here? >> melissa -- fact, but not extremely exciting fact
it says our deficit for this year will only be $845 billion. this is considered good news, because for the past few years, it's been over a trillion dollars. when spending more than $800 billion than we take in is viewed as progress, it's time to get serious. let's hope for the good of our country, our lawmakers do just that. have a great night, everybody. "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee....
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Feb 8, 2013
02/13
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we have been running a deficit for years, as you know, sue. but this time it is narrower than anticipated. remember it was negative. 0.1. a positive print on gdp likely when the revision comes in. you see the big pop there this morning? that's because of the trade numbers overall. so good numbers, good day overall. don't worry about volume and we are staying until the bitter end, sue? >> indeed you are, bob. appreciate it. meanwhile, big snowstorm is bearing down on the northeast nap is sending fuel prices to new highs for 2013. sharon epperson tracks the action for us at the nyse pits. hi, sharon. >> hi. already paying the highest gasoline prices for this time of year, now many in the northeast who heat homes with heating oil will be hit with record high home heating bills as well. we are looking at prices just this week alone for heating oil few furs surge 3% leading energy markets higher here and we are continuing to watch what is happening in terms of the percentage of homes in the northeast that use heating oil. of course it is only 6% of
we have been running a deficit for years, as you know, sue. but this time it is narrower than anticipated. remember it was negative. 0.1. a positive print on gdp likely when the revision comes in. you see the big pop there this morning? that's because of the trade numbers overall. so good numbers, good day overall. don't worry about volume and we are staying until the bitter end, sue? >> indeed you are, bob. appreciate it. meanwhile, big snowstorm is bearing down on the northeast nap is...
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Feb 8, 2013
02/13
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we've been running deficits for years. the deficit has narrowed. china had excellent numbers as well. the bottom line is this, our fourth-quarter gdp, it was negative 0.1%. because of the positive trade data, it's going to be revised likely positive. we'll have positive fourth-quarter gdp. that's a plus for the stock market overall. we moved up today on the trade data news. sectors, it's 3 to 2 advancing -- maybe a little bit better. hmo stocks, very strong. molina had strong numbers. but the key story is all about these trade wars and currency wars as well. did you see what happened yesterday? we've got draghi versus japan. this is a big, big international battle right now. draghi talked down the euro. the euro had been strong against the yen and of course today the japanese finance minister came out and said, we're sorry, maybe the yen's gone a little too far. now he's got to go to the g-20 meeting in the next few days and explain why the yen has weakened so dramatically and hopefully people will be too angry with them. many people like the auto
we've been running deficits for years. the deficit has narrowed. china had excellent numbers as well. the bottom line is this, our fourth-quarter gdp, it was negative 0.1%. because of the positive trade data, it's going to be revised likely positive. we'll have positive fourth-quarter gdp. that's a plus for the stock market overall. we moved up today on the trade data news. sectors, it's 3 to 2 advancing -- maybe a little bit better. hmo stocks, very strong. molina had strong numbers. but the...
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Feb 8, 2013
02/13
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we're expecting, you know, 8 billion wider deficit, and 46. and last month, had the most subtle revisions, we'll just call it a push. so you know, i'm going to have to ponder this. we know that there's a lot of foreign exchange going on in the world. most of it right now isn't free market driven, it's central bank printing driven. thinking this through, of course, is going to have big possibilities for strategic trades down the road. especially if the offshoot of what's going on potentially between europe, japan, maybe to a lesser extent china, is going to boost the value of the dollar. is that something that's going to help or hurt? how important is this number? all that, of course, will be defined by the market at some point. yields are a bit lower today. as a matter of fact on thecoms, one week ago today, friday, pretty much the high close going back to april for most maturities. for the ten year 202 closing yield. we're 18 basis points higher on the year. back to you. >> hey, rick, this is a big deal for that fourth quarter gdp growth. >>
we're expecting, you know, 8 billion wider deficit, and 46. and last month, had the most subtle revisions, we'll just call it a push. so you know, i'm going to have to ponder this. we know that there's a lot of foreign exchange going on in the world. most of it right now isn't free market driven, it's central bank printing driven. thinking this through, of course, is going to have big possibilities for strategic trades down the road. especially if the offshoot of what's going on potentially...